Ineos to acquire BASF’s 50% stake in Styrolution for €1.10 billion

3:12 PM MDT | July 7, 2014 | —Francinia Protti-Alvarez

Ineos will acquire BASF’s 50% stake in Styrolution (Frankfurt), a joint venture between the companies, for €1.10 billion ($1.47 billion), the companies have announced. The shareholders’ agreement, signed in 2011, includes a call option favoring Ineos purchasing BASF’s stake in the jv, the companies say....